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RANSBIZ is technology blog in Cameroon for tutorials topics on; making money online, Affiliate Marketing, SEO, Technology News, blogging , Free internet tips, Social media ,Bulk Sms marketing, earning with Google AdSense, how to shop online in Cameroon, Mobile phones and entrepreneurship .
RANSBIZ is created in an effort to promote the use of technology in Cameroon especially by the youths.

We have covered sevearl topics on making many online on this website. Domain flipping is another way to earn an income online with little or no experience. Domain flipping in simple terms is the act of buying domain names and reselling them at a higer price. Some gurus have testified of making making millions of dollars by selling their domains. The latest figure i have had from domain flipping is $165,000 made in two months by a popular doamin flipper Ali Zandi with a profits of 58K dollars. This figures were metioned in a post on domain sherpa one of the most popular sites for domain reviews. It always look great when we find People celebrating glory. At times we just make a decision without cahecking out the challenges. In my last post, i wrote on;

Many people especially my Cameroon brothers wrote asking me how to get started. Most of them did not tell me the challenges they will encounter. This is why i had to write this post for everyone to know the ugly side of domain fliiping. Knowing the other side of any business helps you in preparing for the challenges. What are we going to see here?

Time Consuming

This is the greatest challenge when it comes to domain flipping.
You need time to research on the type of
domain to buy.

You equally need to research on topics people are
searching for word with Google adwords Tool or Bing key word tool. Many people
don’t like to buy newly registered domains since they cannot be transferred in
less than 60 days. As a domain flipper you should not be expecting sales within
the first two months of the domain purchase from your registrar. Some
domains take more than two years to be monetize which might end up being
stressful on your path.

You Might Feel discouraged

This is very common after year one of flipping. After
doing business you cannot find any profits in your bank account and it seem you
should quit. Why did you get started? Were you ready for this challenge? This
feeling always makes many newbies to jump from one online business to another which in
all end upas the zero dollar story. It
is quiet sad when it ends like that. This is why I always tell those I mentor to stay focused in whatever
there are doing.

It Invloves Risk

Like every
business, domain flipping involves risk. If you cannot do the right thing you
might end up making nothing. Some people buy domain names without even knowing
who the buyer will be. Sometimes you might buy domains that violate trademarks
or with bad back links which no one light be interested in. There are other risks involve in flipping
domain, however everything can be put under control with a good plan and strategy.

Consumes Cash

If you like eating
pizza while working you might need to give it a halt when starting your flipping
business. At the start you need to put in cash in buying domain and if possible
getting some email marketing tool or auto
responder for your promotions and campaigns. This is just for the start, no
one like to be broke. With time you might get back to your usual life style if
things are done the right way.

You are Likely to Make Many Mistakes

This is very common with newbies in the flipping
business. Some common mistakes you can make as a domain flipper includes: Include
buying many domains, buying the wring domain, selling at a cheaper rate and
more. In the next part we will see some mistakes which you must avoid when it
comes to flipping domains.

Read: 9 Mistakes to Avoid When Flipping Domains
This is what i have regarding the cons of domain flipping as an online business. Knowing them should not discourage you if you are thinking of getting started. Set a plan on how you will overcome these Challenges as sale through. In my opinion domain flipping is a great business to go about to anyone who has the ability to research and willing to exercise patience .
If you want quick cash then domain flipping might not be the good business for you.

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Throughout my years in Cameroon I have seen only the big names making money in the digital technology world. I have been doing a resear...

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We are a start up in Cameroon with mission to bring the Cameroonian business and individual online. You can find topics about business in cameroon,social media,online entreprneurship,tutorials and latest news on technology. Anyone belonging to the online community can benefit from our services or contribute to the growth of our start up. We offer a wide range of digital services to individuals and companies You can click the image to read more about us